Cycle Trading

Stocks have been consolidating the past 4 days which is allowing the 10 day MA to catch up to price.

However stocks did form a daily swing high. Thursday was day 24 for the daily equity cycle, which indicates that stocks are approaching their timing band for a daily cycle decline.  If stocks deliver bearish follow through and closes back in the (pink) consolidation zone that would signal the daily cycle decline. Stocks are currently in a daily uptrend. Stocks will remain in their daily uptrend unless they close back below the lower daily cycle band.